Tuesday August 17 2021
News Source: Fund Regulation
Focus: Liquidity Risk Management
Type: General
Country: Portugal
On 16th August 2021, the CMVM announced that it has adopted and is complying they ESMA guidelines on stress test scenarios under the terms of the Regulation on Money Market Funds.
The guidelines aim to “guarantee a common, uniform and coherent application of the provisions of article 28 of the Regulation”, establishing “common reference parameters for the scenarios to be included in the stress tests” carried out by the money market funds or by the managers of such funds.
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